SEGUIN, Texas, Jan. 26, 2026 /PRNewswire/ -- Alamo Group Inc. (NYSE: ALG), a leading global manufacturer of high-quality industrial and vegetation management equipment, today announced that it has completed the acquisition of Petersen Industries, a manufacturer of specialized truck-mounted grapple loader equipment, serving both municipal and industrial customers. The signing of the acquisition purchase agreement was previously announced on December 10, 2025. "We are thrilled to welcome the men and women of ...

Core Insights - Mercado Minerals is advancing its Copalito Project in Mexico, which presents a significant opportunity for silver and gold exploration with known mineralization open for expansion [3][10][15] - The company has initiated its first field program, which includes detailed mapping and a 3,000-meter drill program set to begin in Q1 2026 [16][19][40] - Mercado has secured a strategic investment from Vizsla Silver, enhancing its financial and technical capabilities [20][21] Company Overview - Mercado Minerals holds properties in the Western Mexico Silver Belt, specifically the Copalito and Zamora projects, which are well-positioned with access to infrastructure and local workforce [3][9] - The Copalito Project covers 2,820 hectares with an option to purchase over five years for a total of $3.5 million [7] - Historical drilling by Kootenay Silver has identified multiple veins, with only 60% of the veins tested to an average depth of 100 meters, indicating significant potential for further exploration [10][14] Exploration and Development Plans - The inaugural field program will focus on unexplored areas, re-sampling historical drill core, and refining geological understanding [17][18] - The company aims to demonstrate the potential of known veins at depth and along strike while exploring new areas [19][38] - Four high-priority targets have been identified: 5 Señores, El Agua, Pilar, and La Chivas, with opportunities for expansion [15][16] Market Context - The silver market is experiencing a supply deficit, with mine production falling short of demand, particularly from industrial applications [26][35] - Silver's unique production structure, where a significant portion is a byproduct of other metal mining, limits its ability to respond quickly to price changes [32][35] - The inclusion of silver in the US Geological Survey's list of critical minerals highlights its growing importance to economic and national security [28] Financial Position - Mercado Minerals recently raised approximately CAD$5.6 million through a private placement, bolstering its treasury for exploration activities [20][36] - The strategic partnership with Vizsla Silver not only provides financial backing but also technical expertise, enhancing the company's prospects for success [21][36]

Group 1 - Alamo Group Inc. has announced a definitive agreement to acquire Petersen Industries, a leading manufacturer of truck-mounted grapple loader equipment, valued at $166.5 million, subject to customary post-closing adjustments [2][4] - The acquisition will be financed through a combination of cash on hand and available capacity under Alamo Group's credit facility, with an effective purchase price of approximately $150 million, equating to about 7.9 times EBITDA before considering potential run-rate synergies [3][4] - The deal is expected to close in the first quarter of 2026, pending regulatory approvals and standard closing conditions, and aims to support long-term growth, improve margins, and enhance recurring revenue from Petersen's aftermarket parts and service business [4][5] Group 2 - Petersen Industries has over 65 years of experience and is recognized as a market leader in grapple truck loaders, primarily serving government agencies involved in bulky waste collection [5] - Alamo Group Inc. is a global manufacturer of industrial and vegetation management equipment, with products utilized in public and private infrastructure maintenance and land management operations worldwide [6]

Group 1 - Alamo Group Inc. has declared a quarterly dividend of $0.34 per share, representing an increase of $0.04 per quarter, which is more than a 13 percent rise [1] - The increase in the dividend reflects the company's commitment to delivering long-term value to shareholders and aligns with its disciplined capital allocation strategy [1] - The payment of the dividend will occur on January 29, 2026, for shareholders of record as of January 16, 2026 [1] Group 2 - Alamo Group is a leading global manufacturer of industrial and vegetation management equipment, essential for infrastructure maintenance and land management [2] - The company's product offerings include vacuum trucks, hydro-excavator machines, street sweepers, and other related equipment and services [2] - As of September 30, 2025, Alamo Group operates 27 plants across North America, Europe, Australia, and Brazil [2]

Core Viewpoint - Three stocks have been added to the Zacks Rank 5 (Strong Sell) List, indicating a negative outlook for these companies based on recent earnings estimate revisions. Group 1: Company Summaries - Alamo Group Inc. (ALG) is a specialty machinery company with a Zacks Consensus Estimate for its current year earnings revised downward by 10.1% over the last 60 days [1] - Associated British Foods plc (ASBFY) is a diversified food and ingredients company, with its current year earnings estimate revised downward by 5.1% over the last 60 days [1] - B&M European Value Retail S.A. (BMRRY) is a retail company that has seen its current year earnings estimate revised downward by 31.4% over the last 60 days [2]

Core Insights - Crude Value Insights provides an investment service and community focused on the oil and natural gas sectors, emphasizing cash flow and the companies that generate it, which leads to value and growth prospects with real potential [1] Company and Industry Summary - Subscribers gain access to a model account with over 50 stocks, in-depth cash flow analyses of exploration and production (E&P) firms, and live chat discussions about the sector [1]

Group 1 - Alamo Group Inc. (ALG) designs and manufactures high-quality agricultural equipment and provides infrastructure maintenance, with a nearly 10% downward revision in the Zacks Consensus Estimate for its current year earnings over the last 60 days [1] - Azenta, Inc. (AZTA) offers life sciences solutions, including sample management and laboratory automation, experiencing an 11.8% downward revision in the Zacks Consensus Estimate for its current year earnings over the last 60 days [2] - Chipotle Mexican Grill, Inc. (CMG) is a restaurant chain that has seen a 2.5% downward revision in the Zacks Consensus Estimate for its current year earnings over the last 60 days [2]

Core Insights - D.A. Davidson & Co. acted as the exclusive financial advisor for Alamo Group Inc. in its acquisition of Petersen Industries, Inc. This acquisition is expected to enhance Alamo's industrial equipment segment [1][3] Company Overview - Alamo Group Inc. is recognized as a leading global manufacturer of high-quality industrial and vegetation management equipment [1] - Petersen Industries, Inc. specializes in innovative truck-mounted grapple loader equipment, primarily serving governmental customers for bulky waste collection [2] Strategic Importance - The acquisition of Petersen aligns with Alamo's strategy to acquire profitable companies that possess innovative and attractive product portfolios, targeting stable and steadily growing end-markets [3] - D.A. Davidson's involvement in this transaction underscores the success of its Machinery & Equipment practice and the momentum within its Diversified Industrials Investment Banking Group [3]

Group 1 - The article does not provide any specific content related to a company or industry [1]

Core Viewpoint - Alamo Group Inc. has signed a definitive agreement to acquire Petersen Industries, Inc. for a purchase price of $166.5 million, which is expected to enhance Alamo's product offerings and market position in the industrial equipment sector [1][3]. Group 1: Acquisition Details - The acquisition price of $166.5 million is subject to customary post-closing adjustments and will be financed through cash on hand and Alamo Group's credit facility [1]. - When accounting for expected tax benefits, the effective purchase price is approximately $150 million, representing about 7.9 times Petersen's EBITDA [1]. - The transaction is anticipated to close in the first quarter of 2026, pending regulatory approval and customary closing conditions [3]. Group 2: Company Background - Petersen Industries is a market leader in truck-mounted grapple loader equipment, primarily serving governmental customers for bulky waste collection, with annual revenue of approximately $75 million in 2024 [2]. - Founded over 65 years ago, Petersen has been recognized for its innovative contributions to the bulky waste collection industry [2]. Group 3: Strategic Fit and Future Outlook - The acquisition aligns with Alamo Group's strategy of acquiring profitable companies with innovative product portfolios that serve stable and growing markets [3]. - Alamo Group expects to unlock significant cost savings and revenue growth by integrating Petersen into its supply chain and dealer networks [3]. - Petersen's products are expected to complement Alamo's existing offerings, enhancing the company's growth and margins while providing recurring revenue from aftermarket parts and services [3].